The impact of green financing on renewable energy growth in China: Insights from provincial data

Li Zheng, Juncheng Wang and Xiaoneng Zhu

Renewable Energy, 2025, vol. 251, issue C

Abstract: The research bases its objective evaluation of green financing effects on renewable energy expansion in China through a statistical analysis of provincial data from 2003 to 2021. Sustainable development requires attention to renewable energy promotion as a fundamental issue. The research defines its core issue through the evaluation of renewable energy adoption barriers and their relationship to green financial systems. This research analyzes green financing effects on renewable energy growth through econometric methods. Research and development (R&D) receive enhancement from green financing while economic resilience improves economic growth accelerates, and renewable energy adoption speeds up. A well-developed economy combined with strong government support plays an essential role in reaching these results. Green financing enables better development of innovative emerging renewable energy technologies above traditional power generation methods. Green financing creates a spillover effect which promotes renewable energy expansion throughout nearby areas in order to increase its overall impact.

Keywords: Renewable energy; Green financing; Sustainable development; Provincial data (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:251:y:2025:i:c:s096014812501047x

DOI: 10.1016/j.renene.2025.123385

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